Long
Golem BIG GAINS
I'm not too sure what golem is but if you zoom out and experience the macro it looks like most of its chart is a huge accumulation. Whales testing the demand and strength of this asset while they accumulate most of it. We'll probably be in the trading range for a long time but because of it's nature I think golem might be one of the projects that breaks out of the sh** coin market cycle. (no fa, just from a ta perspective). I've only been trading usdt pairs of altcoins while bitcoin has been in its downtrend because 6k isn't confirmed bottom yet and because I enjoy being stopped out in profit or a stable currency. BUT the btc pairs have been popping and now I found a chart that I'm fully willing to play. This coin likes to pump hard and fast!
Green boxes are entries. It might not make a spring where it leaves the bottom floor trading range (it's currently in) so I'll enter if it breaks out above it. (.00002769) I prefer to enter break out because bitcoin may need to visit one more new low and is highly volatile. I'm entering 15% above the price that it's in now because I can safely add my stop loss under the break out and because this is crypto and you can easily skip 15%. hehe
Target is .00005500 (100%) if things went right for bitcoin I would not be surprised if it makes it all the way back up to .00008134 (200%) (this is a swing trade judge it as its going. Don't get greedy though be careful. I can be very happy with just the 100.
Disclaimer:
Not investment advice DYOR
bitcoin can go down and ruin this set up and you can also be stopped out in satoshis while they're also in a downtrend, without a stop. We don't have a confirmed bottom yet for bitcoin. Don't be reckless
This market takes your lunch. Put your stop in profit or immediately take some profit (when your trade goes right) so then your widened stop can't do damage.
If bitcoin poops, so does this chart. But you know this.
Buy your mom some flowers
Green boxes are entries. It might not make a spring where it leaves the bottom floor trading range (it's currently in) so I'll enter if it breaks out above it. (.00002769) I prefer to enter break out because bitcoin may need to visit one more new low and is highly volatile. I'm entering 15% above the price that it's in now because I can safely add my stop loss under the break out and because this is crypto and you can easily skip 15%. hehe
Target is .00005500 (100%) if things went right for bitcoin I would not be surprised if it makes it all the way back up to .00008134 (200%) (this is a swing trade judge it as its going. Don't get greedy though be careful. I can be very happy with just the 100.
Disclaimer:
Not investment advice DYOR
bitcoin can go down and ruin this set up and you can also be stopped out in satoshis while they're also in a downtrend, without a stop. We don't have a confirmed bottom yet for bitcoin. Don't be reckless
This market takes your lunch. Put your stop in profit or immediately take some profit (when your trade goes right) so then your widened stop can't do damage.
If bitcoin poops, so does this chart. But you know this.
Buy your mom some flowers
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.